Medical invoices are important documents to record and track the amount and types of services rendered in a medical environment. Not only for tax purposes, the medical invoice proves useful to the administrator in identifying the types of services frequented and the income generated by these services, so that the medical facility might consider upgrading its facilities.
A medical invoice may record a lot of information; hence, the most relevant pieces should be given priority depending on the medical environment and its objectives.
A Medical invoice template may contain the following columns of information:
* Date of Billing
* Billing Party
* Attending Physician
* Total Amount
* Insurance Policy
* Check Number / Bank
* Date Payable
There may be other pieces of information which can be found on the medical invoice. The above information gives the administrator an overview of the health of business by recording the number of cases attended to by the medical facility. The medical invoice can be recorded on a daily, weekly, bi-weekly or monthly basis, depending on the nature of reporting by the administrator.
There may be details of the insurance policy for a particular medical case as the medical facility can be open to different types of insurance policy and insurance providers. Subtotals are crucial columns in the medical invoice template to reflect the amount of collection on a daily, weekly, bi-weekly or monthly basis. These figures allow a comparison for each period.
Consider the attached sample template for your convenience.